Hedge fund AQR in joint legal action against LME

Published by
Reuters UK

By Eric Onstad and Nell Mackenzie LONDON (Reuters) -Hedge fund AQR Capital Management and four other parties have filed a legal action against the London Metal Exchange (LME), court filings showed, after the exchange halted nickel trading and cancelled deals in March. The LME is already facing legal action from U.S. hedge fund Elliott Associates and Jane Street Global Trading, which are suing for $456 million and $15.3 million respectively for the cancelled nickel trades. The other claimants in the new filing at the London Commercial Court are Winton Capital Management, Capstone Investment Adv…

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